Bitcoin is Dead. Long Live Bitcoin.
RSI: 18. Fear & Greed: 20. Down 26% from the May high. The obituary writers are out in force.
But zoom out. 61.4% below Power Law fair value. 8% above a support floor that has never once been breached in 15 years. BES mean-reverting after historic panic selling.
Issue #8 of Dr. Jeff's Macro Chartbook is live — every other Thursday, after the close.
Here's a link to Issue #8:
https://substack.com/@jeffross191961/p-200670034
DrJeff / Dr. Jeff
npub1k7…3c04l
2026-06-04 21:31:32 UTC
Author Public Key
npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04lSeen on
wss://premium.primal.netPublished at
2026-06-04 21:31:32 UTCEvent JSON
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"content": "Bitcoin is Dead. Long Live Bitcoin.\n\nRSI: 18. Fear \u0026 Greed: 20. Down 26% from the May high. The obituary writers are out in force.\n\nBut zoom out. 61.4% below Power Law fair value. 8% above a support floor that has never once been breached in 15 years. BES mean-reverting after historic panic selling.\n\nIssue #8 of Dr. Jeff's Macro Chartbook is live — every other Thursday, after the close.\n\nHere's a link to Issue #8: \nhttps://substack.com/@jeffross191961/p-200670034",
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